Rick Prasnicki serves as the Special Assets Vice President and Managing Director at Commercial Alliance, where he leverages over 20 years of extensive experience in risk management and commercial banking. In his current role, Rick is responsible for leading a dedicated team of special assets...
Rick Prasnicki serves as the Special Assets Vice President and Managing Director at Commercial Alliance, where he leverages over 20 years of extensive experience in risk management and commercial banking. In his current role, Rick is responsible for leading a dedicated team of special assets officers focused on mitigating risks associated with a diverse commercial loan portfolio. His strategic oversight not only ensures compliance with regulatory standards but also enhances the financial health of the institution by implementing effective workout strategies for distressed assets.
One of Rick's key achievements at Commercial Alliance has been the development of an innovative portfolio management technology that streamlines workflow efficiency. This initiative not only improved operational processes but also earned the prestigious Innovation of the Year award, underscoring his commitment to integrating technology within banking operations. His expertise in commercial and consumer underwriting, coupled with a deep understanding of foreclosure, collections, and recovery processes, positions him as a pivotal figure in navigating complex financial landscapes.
Rick's comprehensive background in commercial and residential real estate property management further enriches his ability to manage special assets effectively. His leadership extends to overseeing a team of up to 50 full-time employees across multiple locations, fostering a collaborative environment that prioritizes both risk mitigation and client satisfaction. With a strong foundation in small business lending and wealth management, Rick Prasnicki continues to drive success at Commercial Alliance, ensuring that the institution remains resilient in the face of market challenges while delivering exceptional value to its stakeholders.
